Keep up with what’s been happening this week in our accountancy news round-up…

 

Bank of England governor hints at interest rate cut

Mark Carney has dropped a hint that interest rates could be cut soon to boost the British economy, while warning that the Bank of England is running low on ways to combat recessions.

Government announces review into IR35

The government has launched a review into the new off-payroll working rules, known as IR35, that are due to come into effect on 6 April 2020.

RSM removes top management after accounting error

Mid-tier audit firm RSM has been forced to overhaul its executive team following the discovery of errors in the way in which it accounted for professional liability claims provisions going back several years.

Ted Baker appoints Deloitte to probe multi-million stock overstatement

Troubled fashion retailer Ted Baker has drafted in investigators from Deloitte to probe an accounting mishap that saw it overstate the value of its stock by up to £25 million.

Business optimism sees record post-election rebound

Optimism at major British companies has improved by the largest margin in at least 11 years after Prime Minister Boris Johnson won a sweeping election victory last month, according to a survey from accountants Deloitte.

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